Light & Wonder, Inc. (NASDAQ:LNW - Get Free Report)'s share price rose 10.5% during trading on Monday . The company traded as high as $97.72 and last traded at $97.17. Approximately 197,002 shares were traded during mid-day trading, a decline of 66% from the average daily volume of 584,467 shares. The stock had previously closed at $87.96.
Analyst Upgrades and Downgrades
LNW has been the subject of a number of recent research reports. Jefferies Financial Group boosted their target price on shares of Light & Wonder from $120.00 to $121.00 and gave the stock a "buy" rating in a report on Wednesday, January 15th. Benchmark reiterated a "buy" rating and issued a $114.00 target price on shares of Light & Wonder in a report on Monday, January 27th. Finally, Truist Financial reduced their target price on shares of Light & Wonder from $120.00 to $115.00 and set a "buy" rating for the company in a report on Wednesday, October 23rd. One research analyst has rated the stock with a sell rating, four have issued a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $108.50.
Check Out Our Latest Stock Analysis on LNW
Light & Wonder Trading Down 0.8 %
The company's fifty day moving average price is $88.76 and its 200-day moving average price is $96.12. The company has a debt-to-equity ratio of 4.49, a current ratio of 1.88 and a quick ratio of 1.61. The stock has a market cap of $8.57 billion, a price-to-earnings ratio of 30.13, a P/E/G ratio of 0.30 and a beta of 1.72.
Hedge Funds Weigh In On Light & Wonder
Hedge funds and other institutional investors have recently bought and sold shares of the business. Algert Global LLC increased its holdings in Light & Wonder by 118.5% in the 3rd quarter. Algert Global LLC now owns 61,606 shares of the company's stock worth $5,590,000 after buying an additional 33,410 shares during the period. Main Management ETF Advisors LLC acquired a new position in Light & Wonder in the 3rd quarter worth approximately $774,000. GSA Capital Partners LLP acquired a new position in Light & Wonder in the 3rd quarter worth approximately $725,000. State Street Corp increased its holdings in Light & Wonder by 2.2% in the 3rd quarter. State Street Corp now owns 2,651,627 shares of the company's stock worth $240,582,000 after buying an additional 56,890 shares during the period. Finally, BNP Paribas Financial Markets increased its holdings in Light & Wonder by 108.6% in the 3rd quarter. BNP Paribas Financial Markets now owns 12,434 shares of the company's stock worth $1,128,000 after buying an additional 6,472 shares during the period. Institutional investors and hedge funds own 88.08% of the company's stock.
About Light & Wonder
(
Get Free Report)
Light & Wonder, Inc is a cross-platform global games company, which engages in the development of content and digital markets. It operates through the following segments: Gaming, SciPlay, and iGaming. The Gaming segment includes the design, manufacture, marketing, and distribution of portfolio of gaming products and services.
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